He went to harvard. He went to oxford. He became an internet and the nixon white house. Both the republicans and democrats wanted him. In the end he chose the democrats. He became a lawyer. He became an investment banker and then he became u. S. Budget director under president clinton. People were talking about him as a possible treasury secretary. At fannie mae, raines carried on with the fast growth policies of jim johnson. The Clinton Administration aide him on. In july 1999, hud secretary announced an effort he would increase the percentage of their mortgage financing that went to low or moderate income families, to 50 in 2001, from 42 that was set back in 1995. Cuomo said these new rules would provide Affordable Housing for 28. 1 million families over the next decade. Think about it. Cuomo could promise to create 28. 1 million homeowners without asking congress to spend a single penny. He simply told fannie and freddie to go out and do it, and they said we would be delighted. You
Fateful history of fannie mae, faithful not only for fannie mae but for everybody else too and there are copies of the book out in the reception area which we hope you will buy and which bob hagerty will autograph after the program. I am the president fellow at a e. I. And we are pleased to have you with us to consider this fateful history and its role in american politicized Housing Finance. After many years of dealing with and thinking about fannie mae i thought i knew a lot about this subject but i learned a lot more about it from reading bobs book, especially the very longterm evolution of politicized Mortgage Finance in this country and also about the vivid personalities involved over the last 40 years, all the way to the end of the story, at least it is the end so far. The book is full of information but in addition if you read my invitation to this event you know i think it represents an underlying tragic drama. In fact a shakespearean tragedy in fives. Rise, power, hubris, fall
That. And maybe people talk about it. You get what they say. You dont know how many people said it. You dont know where you are wrong and you didnt have to face her critics. I get criticism all day everyday without asking because the nature of the web was that it. Thats one person. Everybody else loved it obviously. But theres an extra demand when you talk about the Publishing Industry and responsibility of a racer to promote indian conversation. Maybe dont want to do that. Maybe he really has said the last thing you want to say. This world doesnt allow that without a cost. I had one guy tweaked at me and he said i treated you and you didnt write me back. Im not going to finish her book. First of all he darty bought it, so i got you. First of all, you are denying yourself because i didnt validate you and that doesnt scale. Every author is not built to interact on that scale. No human can interact in the scale demanded that those who want a relationship with the creators and producers.
Plus, Fareed Zakaria and dan rather are both here to talk with me about the brexit decision and the Media Coverage of that vote. Lets begin a little counterintuitively with what happened in washington this week on the floor of the United States house of representatives. This is something i was watching all the way over in europe on my phone, on the periscope and Facebook Live apps. Its something weve never quite seen before. This was a protest by the democrats in the house of representatives. It was clearly a publicity stunt, but it was also unprecedented, an attempt to force votes about gun legislation. When the house leadership decided to recess the house, trying to stop the protest, the Television Cameras up in the top of the balcony were automatically turned off. Thats what the rules state in congress. When those cameras were turnedoff, the democrats turned on their phone cameras. These lawmakers were basically acting like citizen journalists, broadcasting the demonstration. They g
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